Wednesday, July 22, 2015

A $7 Billion Charge at Microsoft Leads to Its Largest Loss Ever - The New York Times

Not bad results, except for the $8.4B Nokia-related write-off

"For the full year, Microsoft had a profit of $12.19 billion, or $1.48 a share, down from $22.07 billion, or $2.63 a share, the previous year. Revenue for the quarter fell 5 percent, to $22.18 billion. For the full year, revenue rose to $93.58 billion from $86.83 billion.

Microsoft’s shares fell about 4 percent in after-hours trading, though some analysts sounded a relatively positive note about the company’s results. Brendan Barnicle, an analyst at Pacific Crest Securities, called Microsoft’s results “great” compared with the results of other software companies in the corporate software market. Daniel Ives, an analyst at FBR Capital Markets, graded it a “B” quarter."